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NJ lottery winners dodge a tax bullet

Topic closed. 17 replies. Last post 2 years ago by RedStang.

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MADDOG10's avatar - smoke
Beautiful Florida
United States
Member #5709
July 18, 2004
20124 Posts
Offline
Posted: October 29, 2014, 7:21 am - IP Logged

It didn't surprise me to hear about this. I knew it had to be a democrat behind the thought.  This State is already the highest taxed

just to fill their pockets. Blood suckers they are. If they pass this bill, they deserve each other....

                                             

                                               "  When Injustice Becomes Law, Resistance Becomes Duty "

    cbr$'s avatar - maren
    Cordova,Al.
    United States
    Member #104482
    January 15, 2011
    4940 Posts
    Offline
    Posted: October 29, 2014, 12:59 pm - IP Logged

    A proposed extra tax on New Jerseyans' lottery winnings stalled today after it became clear it was unlikely to be approved by a key state Senate panel.

    "It didn't have the votes," said Senate Budget Committee Chairman Paul Sarlo (D-Bergen).

    The bill (S1767) would impose an additional 0.5 percent tax on lottery winnings of more than $600.

    The money would be used to fund after school programs run by non-profit groups in municipalities where at least 40 percent of the school district's students are "at risk."

    New Jersey currently taxes lottery winnings on a sliding scale that peaks at 10.8 percent. On the federal level, the winnings are taxed as ordinary income. The federal rate for income of more than $406,750 for a single person is 39.6 percent.

    According to 2012 data from the Tax Foundation, New Jersey's top rate for lotto winners is the highest of any state in the nation.

    The budget committee's endorsement was the next step before the bill was to get a vote in the full state Senate. It was already approved by the Senate's state government committee in May.

    Sarlo declined to say which committee members opposed the bill, or whether he supported it.

    "When the bill comes up for a vote, you'll see my vote," he said.

    The bill's sponsor, state Sen. Ronald Rice (D-Essex), said he believes it will be approved by the committee when he has a chance to talk to members about it.

    "I'm confident it will pass. With this bill, it makes good sense," he said.

    It is time for New Jersey, lottery players & voters to wake up!                                                                                  Any time a person you elected to a office, decline to tell you which way they voted on any bill or issue that support to represent you,  It time to question their agenda. Are they really representing you? If you can't answer a simple question like this, then I decline to re- elect you & any one else on this committee.                    As far as Senator Rice, is concern. Why is he asking the committee approval? Did you bother to ask any of the voters how they stand on this issue? Or did you just forget them, as soon as you get the seat.                              It is time for New Jersey's voters to light up & flood this government office's switch board. Let your voices be heard.                                                                                                                                                                             Senator Rice, you represent me, a voter , a taxpayer & a lottery player. {I'm saying NO! To Bill {51767}. Let a message , they will get it. No, call is a wasted call.  The more calls the better, set up a time to flood their switch board  all at once with friends. This works as well as someone lobbying on the Senate Flood. This let your representative know , you are watching & holding them responsible. This is the way to put these people on Notice. No No

      RedStang's avatar - tallman zps6gf4inoc.jpg
      NY
      United States
      Member #121961
      January 21, 2012
      3157 Posts
      Offline
      Posted: October 30, 2014, 1:13 am - IP Logged

      This is why i never voted and never will. The only solution these tools have is to raise taxes. If he said it was for school security it might have a chance.